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Dec 6, 2012
12/12
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talking fiscal cliff we think. that's next. >> i --. >> [inaudible]. >> i did not understand his statement in the way you characterized it. i think the way i heard it and way i think it was not as a threat we'll go over if they don't, it was a prediction if there is no agreement, then, the fiscal cliff has to be dealt with. but i didn't see it as if they don't do this we do that. i saw it as a statement of fact. it is not a threat. it is a prediction. if there is no agreement, go over the cliff. let's hope we can have an agreement. jon: those remarks just into our fox newsroom from house minority leader nancy pelosi moments ago saying republicans are avoiding the conversation on the fiscal cliff. meantime we're awaiting new reaction from white house press secretary jay carney. there is a live look at the podium in the west wing. you can see it is empty right now. jay carney should be stepping up to the microphone momentarily and we expect the topic a is going to be the fiscal cliff and the white house position on i
talking fiscal cliff we think. that's next. >> i --. >> [inaudible]. >> i did not understand his statement in the way you characterized it. i think the way i heard it and way i think it was not as a threat we'll go over if they don't, it was a prediction if there is no agreement, then, the fiscal cliff has to be dealt with. but i didn't see it as if they don't do this we do that. i saw it as a statement of fact. it is not a threat. it is a prediction. if there is no agreement,...
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Aug 23, 2012
08/12
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>> berlitz it to the budget in january and relative fiscal outlook, the fiscal cliff is now steeper because congress enacted an extension of the petrol tax reduction until the end of calendar year 2012 and extension of unemployment benefits, that cut the deficit larger and 2012 and going into 2013. it keeps the economy stronger, but by boosting the economy in 2012 without boosting the economy in 2013, it has led to a larger falloff. that is an important reason why we're looking for a more negative affect, more negative outcome for the economy next year that we expected in january. also true since the january forecast we have word by a little bit our assessment of the underlying growth of the economy. i have not tried to person those out exactly. those factors are at work here. the magnitude of the slowdown in economic activity we are discussing for next year is significant. with this very sharp tightening of fiscal policy, we are looking to start at a production in gdp at an annual rate of 3% in the first half of next year that would represent a significant recession. we're looking for the
>> berlitz it to the budget in january and relative fiscal outlook, the fiscal cliff is now steeper because congress enacted an extension of the petrol tax reduction until the end of calendar year 2012 and extension of unemployment benefits, that cut the deficit larger and 2012 and going into 2013. it keeps the economy stronger, but by boosting the economy in 2012 without boosting the economy in 2013, it has led to a larger falloff. that is an important reason why we're looking for a more...
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Dec 7, 2012
12/12
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what happens on generators the devotee saying it is the fiscal cliff. it was said to me last night it's not like a zombie apocalypse happens. i think in the historical sense that's right but if market confidence goes out the window either then or when the debt ceiling comes back up again, that could be very damaging for our economy. >> i think as and denney said, there is going to be some deal that's going to set a deadline for another deal next year. but it's really important like think that they not set up a whole series of opportunities to have that kind of collapse. if a couple nights of the apple but they need to make sure whatever they come up with less a significant period of time the question of housing to overstate especially from the smaller business startup perspective but those are companies that there will be a lot of job creation and it will grow very rapidly sometimes into large companies in a matter of a handful of years and they are not starting at the high rate at all right now. a big chunk of that is confidence. folks that starts the
what happens on generators the devotee saying it is the fiscal cliff. it was said to me last night it's not like a zombie apocalypse happens. i think in the historical sense that's right but if market confidence goes out the window either then or when the debt ceiling comes back up again, that could be very damaging for our economy. >> i think as and denney said, there is going to be some deal that's going to set a deadline for another deal next year. but it's really important like think...
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Nov 15, 2012
11/12
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everybody here is focused on the fiscal cliff. coming up, i will talk to allen simpson and erskine bowles in an interview you cannot afford to miss. hope you join us 4:00 p.m. eastern. the co-founders of the fix the debt campaign, which many corporate leaders are backing. they'll tell us how they think washington can come together and reach a deal, bill. >> sure would be great to figure that out. maria, looking forward to that. i'm bill griffeth here at the new york stock exchange. markets continue to feel the sting of the uncertainty surrounding the fiscal cliff crisis. look at the dow, for example. it can't decide whether to go higher or lower today. it's been zigging and zaging all session today. down 42 points. that's about the midpoint of the range. the nasdaq is down 11 points, about 1/3 of a percent. the s&p 500 index also trading lower, down 3 1/3 points. some long-time traders may say the first and final hours of the trading day are the most important. since the market highs back on september 14th at the time that qe-3 wa
everybody here is focused on the fiscal cliff. coming up, i will talk to allen simpson and erskine bowles in an interview you cannot afford to miss. hope you join us 4:00 p.m. eastern. the co-founders of the fix the debt campaign, which many corporate leaders are backing. they'll tell us how they think washington can come together and reach a deal, bill. >> sure would be great to figure that out. maria, looking forward to that. i'm bill griffeth here at the new york stock exchange....
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Dec 28, 2012
12/12
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not with the fiscal cliff. luckily for you, we here at "the rachel maddow show," we have been paying attention. we have had absolutely no other choice, unfortunately. and we are here to help you and everyone else trying to figure out how we got to this point we are in. right after that election, the day after the election, in fact, your new colleagues got to work immediately on the cliff. the day after the collection, republican house speaker john boehner put out this stirring call to action. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans but as americans. we want you to lead. not as a liberal or conservative but as president of the united states of america. >> mr. president, we are ready to be led. just show us the plan. that was encouraging. that seemed like we were going to have a deal, no problem. obama won the election. he'll hand them a plan. he'll make some small changes. that's how congress works, of course. pass it and we'll be done. we'll go home for chri
not with the fiscal cliff. luckily for you, we here at "the rachel maddow show," we have been paying attention. we have had absolutely no other choice, unfortunately. and we are here to help you and everyone else trying to figure out how we got to this point we are in. right after that election, the day after the election, in fact, your new colleagues got to work immediately on the cliff. the day after the collection, republican house speaker john boehner put out this stirring call to...
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Dec 7, 2012
12/12
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get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white hou
get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create...
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Nov 13, 2012
11/12
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slow, not a fiscal cliff. would you agree? >> right, because as these tax increases go into place, they don't going to place all at once. you don't have billions of dollars on day one or day to rg3. the cats are the same way, right? spending cuts are phased in over a period of time. this is something that would work its way up over the course of many months to be something that can be fairly devastating for the economy. in a matter of days or weeks, no, you would get that kind of an outcome spent bruce can you over just the a second since i mentioned chad report? all right, the center support which came out october, september? >> it came out -- >> in the microphone please. >> the first version came out almost six months ago. from reason i remember that is i finished the draft before going into achilles tendon surgery. i'm almost fully heal. we were concerned that people would be panicking and would strike a bad budget deal and wanted to emphasize that was not what, what everyone, what many, it was not a wily c
slow, not a fiscal cliff. would you agree? >> right, because as these tax increases go into place, they don't going to place all at once. you don't have billions of dollars on day one or day to rg3. the cats are the same way, right? spending cuts are phased in over a period of time. this is something that would work its way up over the course of many months to be something that can be fairly devastating for the economy. in a matter of days or weeks, no, you would get that kind of an...
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Dec 5, 2012
12/12
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that being said, before we talk about fiscal cliff, we are here because of the last fiscal cliff. since we had another fiscal cliff-type scenario that created the scenario and ridiculous idea that i voted against, put a bunch of things bad to happen at one time. surprise, it didn't work and we are facing this. there are two issues number one, avoid doing damage and avoid doing harm. and we need to look for a way to accomplish that in the short-term. and we have to, we have to have a conversation about getting the fiscal house in order. i heard bob talking about that. it is true. we spend $1 trillion more than we take in. it's a fact and we have to address it. i approach this issue with the following belief. the only way to get it in order is through rapid economic growth. no taxes you can raise to bring the debt down. what the president is offering is not enough but will make a dent on job creation, particularly middle-class job creation. i oppose his plan. we should do real tax reform. if there are loopholes, there is a loophole for being able to write off your yacht as a second
that being said, before we talk about fiscal cliff, we are here because of the last fiscal cliff. since we had another fiscal cliff-type scenario that created the scenario and ridiculous idea that i voted against, put a bunch of things bad to happen at one time. surprise, it didn't work and we are facing this. there are two issues number one, avoid doing damage and avoid doing harm. and we need to look for a way to accomplish that in the short-term. and we have to, we have to have a...
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Dec 3, 2012
12/12
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good data on one fis, fiscal cliff fears on the other. if we hit the cliff, is defense done as an investment? we'll find out. >>> plus the latest on why fast food workers are working to unionize and maybe even strike across america. >>> and the scary story about the surge in spooks. how spies apparently are everywhere now, mandy. >> and you wouldn't even know. >>> let's load you up on some vital stats. firstly, december is historically the best performing month of the year but today the dow and s&p are down for the first time in four days. dow was up 61 points before the disappointing ism data at 10:00 a.m. this morning. it has never recovered. s&p is flirting with a three-week high even though it is slightly lower. nasdaq touched a one-month high earlier on. >>> never doubt the power of of the american consumer is what we always say here on "street signs." holiday shopping season is in full swing and that, my good people, has propelled the s&p retail next to a record high early again today, though as we speak it is slightly lower. let's
good data on one fis, fiscal cliff fears on the other. if we hit the cliff, is defense done as an investment? we'll find out. >>> plus the latest on why fast food workers are working to unionize and maybe even strike across america. >>> and the scary story about the surge in spooks. how spies apparently are everywhere now, mandy. >> and you wouldn't even know. >>> let's load you up on some vital stats. firstly, december is historically the best performing month...
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Dec 21, 2012
12/12
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cool over the fiscal cliff. the actions he has taken will be a positive stay tuned -- steps to enhance the chances. he paused itself -- the process has not been perfect. i will say this. if you look at what it is we have concluded, the $238 billion over 10 years reduction, the reconciliation package that passed this house earlier this year, you mentioned we have before us that will be debated separately here that is pared back from the measure that passed the house of representatives. the only changes made of and made to accommodate the data change, pushing in this month of december the would-date -- date change, putting in this month of december. for those who believe this is imposing draconian cuts that will be devastating for those struggling in this country, i remind him of the alternative, which happens to be sequestered. it is our hope that this reconciliation package will ensure that the sequestered that would be devastating does not take place. this is the alternative to the sequester, mr. speaker. we ac
cool over the fiscal cliff. the actions he has taken will be a positive stay tuned -- steps to enhance the chances. he paused itself -- the process has not been perfect. i will say this. if you look at what it is we have concluded, the $238 billion over 10 years reduction, the reconciliation package that passed this house earlier this year, you mentioned we have before us that will be debated separately here that is pared back from the measure that passed the house of representatives. the only...
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Dec 29, 2012
12/12
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will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved weekend off. i'm t.j. holmes, good to be with you. new this morning, president obama outlining his course of action if we all go off the cliff. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job and lays the ground work for more economic growth and deficit reduction. >> the president is optimistic that a deal can be reached midnight on new year's eve. listen to senate m
will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved...
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Nov 15, 2012
11/12
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she's fired up about the fiscal cliff. she says congress has to rise above -- she's wearing one of our pins, ty and simon. we'll talk to her about what the implications are if congress does not rise above. all of that straight ahead. >>> but first, i'll throw it down to simon hobbs down at the nyse. >> hi, sue. one of the immediate implications of course is the way in which the market is behaving. the dow is at a five-month low, the s&p 500 at a four-month low. we have just begun to cut some of our earlier losses within the last few seconds. we've regained 1.350 quite cover the comfortably. kenny, you are worried here now for the afternoon. why? >> i am worried. we were struggling to hold on to 1,350. you can feel it's testy. if the news coming out of the mideast gets any worse as we proceed through the day, i think you'll see investors taking money off the table as the situation develops. >> it goes on day after day. >> it does, except the situation now in the mideast is all of a sudden really elevated to the top between
she's fired up about the fiscal cliff. she says congress has to rise above -- she's wearing one of our pins, ty and simon. we'll talk to her about what the implications are if congress does not rise above. all of that straight ahead. >>> but first, i'll throw it down to simon hobbs down at the nyse. >> hi, sue. one of the immediate implications of course is the way in which the market is behaving. the dow is at a five-month low, the s&p 500 at a four-month low. we have just...
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Nov 14, 2012
11/12
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of why there is a fiscal cliff. why are all these things hitting at once. part of them as we know, some of the temporary stimulus measures in the early obama administration and also in 2011 coming in, tempered tax cuts that were designed to give the economy a boost that are by their nature temporary, and should be revisited, we make conclude the economy still needs that does and that's totally appropriate. some of it is the alternative minimum tax, things we always broken always need some changes to it. the sequesters on domestic and defense spending are products of the blackmail episode of 2011 when congressional leaders refused to do as routinely done and extend the debt limit and created this sequester as a way to force action had no intention of doing themselves. but the biggest part of it comes from the bush tax cuts, and the reason the bush tax cuts expire is an interesting story. in 2001 and 2003, 2001 we had a budget surplus, and both democrats and republicans wanted to cut taxes but democrats wanted to cut
of why there is a fiscal cliff. why are all these things hitting at once. part of them as we know, some of the temporary stimulus measures in the early obama administration and also in 2011 coming in, tempered tax cuts that were designed to give the economy a boost that are by their nature temporary, and should be revisited, we make conclude the economy still needs that does and that's totally appropriate. some of it is the alternative minimum tax, things we always broken always need some...
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Dec 10, 2012
12/12
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host: we are focusing on the fiscal cliff. the campaign to fix the debt which is one of the organizations you write in your piece tww former senator allen simpson. >> stop instagramming your breakfast and getting on youtube so you can see gangnam style and start using those precious social media skills to go out and sign people up on this, three people a week, let it grow and don't forget take part or get taken apart. these old coats will clean out the treasury before you get there. guest: i have read about him n. washington it's better -- i've never seen a senator do the dance quite like that. host: the campaign to fix the debt has grown to 80 employees with 22 state offices and 2500 small businesses that have joined this campaign. guest: it's strat fear i can. i don't think i've seen the level because it's c.e.o. led so it's gotten a bunch of buzz. both chambers wants to meet with them and the white house wants to meet with them and it's created an interesting wrink toll see if they move on the other issues or if this is suc
host: we are focusing on the fiscal cliff. the campaign to fix the debt which is one of the organizations you write in your piece tww former senator allen simpson. >> stop instagramming your breakfast and getting on youtube so you can see gangnam style and start using those precious social media skills to go out and sign people up on this, three people a week, let it grow and don't forget take part or get taken apart. these old coats will clean out the treasury before you get there....
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Dec 1, 2012
12/12
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CURRENT
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forget the fiscal cliff. the real problem is the climate chef. >> i love bill o'reilly. i'm proud to be an american, but i saw this movie chasing i.c.e. today, and it has changed me not only about global warming but as a person. >> cenk: wow, that's not even the elbow of the day. you'll be shocked to find out (vo) when the clock runs out when the last card is played what will be remembered? explore the lives of the famous and infamous who changed our world forever. experience the drama, back to back to back. of all the hours in all their days, the ones you'll never forget are the final 24. kick off the premiere of the final 24 with a mini-marathon this sunday on current tv. save the best for last. >> a second pounding storm slams the west coast with a half of foot of rain in san francisco, trees, cars and trucks smashed and another major system on the way this weekend. >> cenk: another major storm--weird huh interesting. i'm here with everybody, michael shure, dorothy lucy, and mark thompson. the climate storms are here, the fire, drought, storms we've suffered through.
forget the fiscal cliff. the real problem is the climate chef. >> i love bill o'reilly. i'm proud to be an american, but i saw this movie chasing i.c.e. today, and it has changed me not only about global warming but as a person. >> cenk: wow, that's not even the elbow of the day. you'll be shocked to find out (vo) when the clock runs out when the last card is played what will be remembered? explore the lives of the famous and infamous who changed our world forever. experience the...
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Dec 1, 2012
12/12
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forget the fiscal cliff. the real problem is the climate chef. >> i love bill o'reilly. i'm proud to be an american, but i saw this movie chasing i.c.e. today, and it has changed me not only about global warming but as a person. >> cenk: wow, that's not even the elbow of the day. you'll be shocked to find out it's not a republican. ice breakers mints. break the ice. question: why are ice breakers mints called mints? answer in a moment. >> a second pounding storm slams the west coast with a half of foot of rain in san francisco, trees, cars and trucks smashed and another major system on the way this weekend. >> cenk: another major storm--weird huh interesting. i'm here with everybody, michael shure, dorothy lucy, and mark thompson. the climate storms are here, the fire, drought, storms we've suffered through. it's a big issue for those the the americans, but not the politician. there is a report not in terms of the news they had but how dire the situation. the report last night. >> the numbers are staggering. 344 billion metric tons of ice melting in antarctica and green
forget the fiscal cliff. the real problem is the climate chef. >> i love bill o'reilly. i'm proud to be an american, but i saw this movie chasing i.c.e. today, and it has changed me not only about global warming but as a person. >> cenk: wow, that's not even the elbow of the day. you'll be shocked to find out it's not a republican. ice breakers mints. break the ice. question: why are ice breakers mints called mints? answer in a moment. >> a second pounding storm slams the west...
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Dec 5, 2012
12/12
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fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game. because we have to break that habit before it starts. >> bret: what about that? >> well, the president had as many red lines for iran as for house republicans. i think what kirsten said is absolutely remarkable. it is about the scalp. it's about the president having made a campaign argument for the better part of 2012. so that he could run a class warfare campaign. now having to make good on that with the base of his party. the u.s. economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in
fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game....
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Dec 30, 2012
12/12
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now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said if republicans stop they will be to blame for the fiscal cliff. what role do you have in this don't you have to show leadership to break the imabout passe? the president went back to pointing the finger at republicans. take a list. >> speaker boehner and republican leader mcconnell to accept the fact taxes on wealthiest americans should go up a little bit. if folks can't say yes to good offers i have an obligation of the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >
now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said...
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Sep 11, 2012
09/12
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i really don't think we're going over the fiscal cliff. i think moody's bmay be trying o put additional pressure on washington. >> you know, it's interesting. if you look back a year ago when we got the downgrade, that was the beginning of an enormous flood of money moving into treasuries. do we have a repeat if we get downgraded again? >> well, i wouldn't want to go that far in saying that. the stock market could go up and people could allocate assets away from bonds into stocks, all other things being equal. that's a tough call. >> don cox, you made the case for gold earlier. how high do you think that could go? >> well, i think that there's two things happening. gold is going to trend higher, but the big thing that's changed things is that gold stocks are now solidly outperforming bouillon. what that tells me is there's a change of thinking among investors generally about the validity of this and why they need to kind of protection. i would take that as a lot of investors have concluded that they're going to solve problems near-term in
i really don't think we're going over the fiscal cliff. i think moody's bmay be trying o put additional pressure on washington. >> you know, it's interesting. if you look back a year ago when we got the downgrade, that was the beginning of an enormous flood of money moving into treasuries. do we have a repeat if we get downgraded again? >> well, i wouldn't want to go that far in saying that. the stock market could go up and people could allocate assets away from bonds into stocks,...
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Nov 19, 2012
11/12
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first, over the next few months, pundits will scream about the fiscal cliff, a series of tax increases and budget cuts that amly go int automatically go ino effect january 1st unless congress works out a deal. will they? yes. i can see it here. politicians will meet and hold press conferences and fret and predict disaster and then they'll reach a deal right before the end. it won't solve much. it will just postpone the reckoning, but they'll congratulate themselves and the media will move on to something else. america, however, will continue to ga o broke. am i too cynical? no. it's probably worse than that, says my next guest, congressman ron paul. congressman, predict the future. >> long term the future looks pretty good. a lot of people are waking up and know what we have today isn't workable, but in the short run the people in charge aren't going to admit it. they're not geoing to admit that we're bankrupt and they won't admit that we're on the vernl of a major, major change in our society, so they'll keep putting it aside and then we'll eventually probably destroy the dollar or ha
first, over the next few months, pundits will scream about the fiscal cliff, a series of tax increases and budget cuts that amly go int automatically go ino effect january 1st unless congress works out a deal. will they? yes. i can see it here. politicians will meet and hold press conferences and fret and predict disaster and then they'll reach a deal right before the end. it won't solve much. it will just postpone the reckoning, but they'll congratulate themselves and the media will move on to...
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cliff all that more in tonight's big picture rumble. mr. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture to a.
cliff all that more in tonight's big picture rumble. mr. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture to a.
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Aug 23, 2012
08/12
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the congressional budget office said going over the so-called fiscal cliff could have dire consequences. unless congress acts by the end of the year, americans can expect more than $300 billion in tax increases as bush-era tax cuts expire. and nearly $200 billion in across-the-board spending cuts congress agreed to last year in exchange for raising the debt ceiling. the c.b.o. said those changes would reduce the deficit substantially. but the economy would also shrink by nearly 3% during the first half of the year and unemployment could top 9%. we look more closely at this now, with maya macguineas, president of the committee for a responsible federal budget. and alice rivlin, a founding director of the c.b.o. she's now with the brookings institution. welcome to you both. alice rivlin, what's the most important thing pushing us toward this cliff, this rhetorical but real cliff? >> well, the most important thing pushing us is that congress enact these cuts in spending, and the lapse in the tax cuts, and they will take place unless the congress gets itself together to do something about i
the congressional budget office said going over the so-called fiscal cliff could have dire consequences. unless congress acts by the end of the year, americans can expect more than $300 billion in tax increases as bush-era tax cuts expire. and nearly $200 billion in across-the-board spending cuts congress agreed to last year in exchange for raising the debt ceiling. the c.b.o. said those changes would reduce the deficit substantially. but the economy would also shrink by nearly 3% during the...
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Dec 30, 2012
12/12
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FOXNEWSW
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the first step is the fiscal cliff. if we take $700 billion out of our economy over the next year, our gross domestic product will grind do a halt. we will have zero growth next year, which means a recession. what they have to do now, i know it's ridiculous, but over the next few dayings, get that down to about $100 to $200 billion. brad's spot on. we cannot afford these crazy cuts across the defense and domestic programs at this particular time. if we can get it below $200 billion, then we can have -- instead of a fiscal cliff, a gradual slope so that, like a skier on a bunny slope, our economy -- which is fragile -- will continue to accelterate. then, what has to be done, is step back, as brad noted and say that simpson-bowles gave us a good outline. $1 of revenue for every $2 of tax cuts. we have to have the political courage in washington, d.c. to make this work for americans? >> how come we don't have that political courage? >> well, i don't know. you know, my take is that having been in the navy, the thing we most
the first step is the fiscal cliff. if we take $700 billion out of our economy over the next year, our gross domestic product will grind do a halt. we will have zero growth next year, which means a recession. what they have to do now, i know it's ridiculous, but over the next few dayings, get that down to about $100 to $200 billion. brad's spot on. we cannot afford these crazy cuts across the defense and domestic programs at this particular time. if we can get it below $200 billion, then we can...
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Dec 31, 2012
12/12
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WJLA
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they're not thinking about new years, but they're worried about the fiscal cliff. besides a quick slowing job -- gluing job it is a quiet new year's eve. >> we are in manufacturer of custom cases. >> the nine employees have the day off, but the owners are concerned about the fiscal cliff deadline. >> it hurts when everything gets put on that is really what happens. >> they had a pretty good year last year with about $1.8 million in sales. they worry about cutbacks and layoffs. >> we can survive on little to go without paychecks to pay these guys. >> nearby, he is also keeping close watch on the fiscal cliff. these devices help police fire, and military radios communicate through buildings. >> will i have the money to be able to withstand a long delay? >> research, development expansion, all of it on hold. >> look at what the redskins did as a team yesterday. can you guys get together as a team and let's make something happen? >> a lot of frustration out there. both of these companies are very loyal to their employees. like many people, they are hoping for some kind
they're not thinking about new years, but they're worried about the fiscal cliff. besides a quick slowing job -- gluing job it is a quiet new year's eve. >> we are in manufacturer of custom cases. >> the nine employees have the day off, but the owners are concerned about the fiscal cliff deadline. >> it hurts when everything gets put on that is really what happens. >> they had a pretty good year last year with about $1.8 million in sales. they worry about cutbacks and...
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Dec 6, 2012
12/12
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WBFF
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the fiscal cliff. what it could 3 3 -tease countdown to christmas- day ttrough christmas evv.ery under the tree.so stay tuned t for your chance to win! 3 ,3 breaking news... a late night fire takes the life of an elderly man in baltimore county.two fire fighters were plso innured. injured.megan giililand is streaming now on the scene right now with the latest at this hour. good morning guys, guys, 3 3 3 3 an scaped inmate áand áa suspect chase cause two city yesterday.police are searching for this man..... 25 year old travis lee wildes.he was last seen arouud 12:15, wedneday afternoon... after walking away from a prison work detail. while police were loooing for wildes.... a similar scene was playynggout across town.... a drug suspect being chased y officers ran inside collington square elementary school.parents showed up at both schools.... anxious for answers. 38:21 they said the children were fine ouucan take your kids out. then they said the &pboy ran and ran back out. they're not calling anyone
the fiscal cliff. what it could 3 3 -tease countdown to christmas- day ttrough christmas evv.ery under the tree.so stay tuned t for your chance to win! 3 ,3 breaking news... a late night fire takes the life of an elderly man in baltimore county.two fire fighters were plso innured. injured.megan giililand is streaming now on the scene right now with the latest at this hour. good morning guys, guys, 3 3 3 3 an scaped inmate áand áa suspect chase cause two city yesterday.police are searching for...
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the fiscal cliff. will it rely more on tax hikes or spending cuts to take that issue of? lou: something like that, would that work? >> i think it would. a very good chance, but i will add the market is very much concerned about what regulatory policies are going to of look like in the years ahead as they relate to energy. lou: the congressional budget fice renewed more warnings on the fiscal cliff. we will be hearing about that, by the way, every day from now until it is resolved. the united sates sees a half percent contraction in the economy next year if we go over the cliff. and it -- on a plan we will surge. what kind of idiots do we have in washington that would not have already resolved this issue before the election? >> i very much hope that will be the case. quite frankly, this latest slide by equity prices could prove to be quite beneficial if it prods washington into taking actions that would prevent the u.s. from going er the fiscal cliff. as far as i am concerned -- lou: something of people
the fiscal cliff. will it rely more on tax hikes or spending cuts to take that issue of? lou: something like that, would that work? >> i think it would. a very good chance, but i will add the market is very much concerned about what regulatory policies are going to of look like in the years ahead as they relate to energy. lou: the congressional budget fice renewed more warnings on the fiscal cliff. we will be hearing about that, by the way, every day from now until it is resolved. the...
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Dec 10, 2012
12/12
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FOXNEWSW
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economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more days. the house g.o.p. requires that the bill be posted for parts of three days which means early next week in order for votes by the end of next week. veterans of past capital hill battles note the whip operation convincing lawmakers to vote for the legislation they barely seen will be critical. >> likely that both sides, the president and the speaker are going to have to twist arms, they are going to have to call people. they are going, you know, do anything they can to push a deal over the line. >> with christmas eve in two weeks, the president, lawmak
economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more...
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Dec 30, 2012
12/12
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WBAL
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the fiscal cliff, the taed line and what it means. we'll look ahead, we'll look back, our all-star panel on the big news that hasn't happened yet if preview of the big stories and trends for 2013. and then we will hit the highlight reel. my interviews with the most important, influential and interesting people of the past year. the wl journal report begins right now. >> this is america's number one financial news program, the "wall street journal" report. now, maria bartiromo. >> all that ahead, but first, here's fill griffith with the look at the stories making headlines this week. >> thanks, maria. here's what's making news as we are heading into a new week and new year on wall street. congress is working the weekend, attempting to avert some part of that $6 billion in automatic tax increases and the spending cuts that are set to kick in on january 1st. that fiscal cliff and its potential impact on our economy brought lawmakers from both houses to washington for last-minute negotiations. concerns about the cliff spooked investors, t
the fiscal cliff, the taed line and what it means. we'll look ahead, we'll look back, our all-star panel on the big news that hasn't happened yet if preview of the big stories and trends for 2013. and then we will hit the highlight reel. my interviews with the most important, influential and interesting people of the past year. the wl journal report begins right now. >> this is america's number one financial news program, the "wall street journal" report. now, maria bartiromo....
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cliff all that more and tonight's big picture rumble. the.
cliff all that more and tonight's big picture rumble. the.
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Nov 29, 2012
11/12
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FBC
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maybe a lttle less conversation and more on the fiscal cliff. that is my "2 cents more," and that's it for tonight. thank you for joining us. have a great night. we'll sererere tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the so-called fiscal cliff. president obama for his part seems utterly unimpressed by market volatility and the consequences of failure to resolve the issues of tax hikes and spending cuts that go into affect the first of the year. as the markets were falling in the first hour of trading this morning, house speaker john maynard stood up and offered support to investors and leaders for the market. stocks stabilized and then began climbing on the speaker's expression of optimism that a deal is within reach. we will take all of that up and more here toight with bedford open geyser c
maybe a lttle less conversation and more on the fiscal cliff. that is my "2 cents more," and that's it for tonight. thank you for joining us. have a great night. we'll sererere tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the so-called...
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Nov 18, 2012
11/12
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CNN
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then back away from the fiscal cliff. can they? a conversation with the number two senate democrat dick durban and tom price. chairman of the house republican policy committee. also, republican carlos gutierrez. >> we must be the party of immigration. >> our follow-up conversation with a man who led mitt romney's outreach to latinos. >>> plus, the politics of scandal. the jackie calmes of the "new york times" and jerry seib and cnn pentagon correspondent barbara starr. i'm candy crowley, and this is "state of the union." >>> good morning from washington. with all the intrigue of a bond film, i stealthy general david petraeus arrived and left capitol hill. behind closed doors they heard him. >> his testimony today was that from the start he had told us that this was a terrorist attack. terrorists involved from the start. >> it was testimony that seemed to challenge white house explanations of who knew what when about the attack on the u.s. consulate in libya that killed four americans. joining me is missouri senator roy blunt and ma
then back away from the fiscal cliff. can they? a conversation with the number two senate democrat dick durban and tom price. chairman of the house republican policy committee. also, republican carlos gutierrez. >> we must be the party of immigration. >> our follow-up conversation with a man who led mitt romney's outreach to latinos. >>> plus, the politics of scandal. the jackie calmes of the "new york times" and jerry seib and cnn pentagon correspondent barbara...
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Nov 19, 2012
11/12
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FBC
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it's related to the fiscal cliff. it's hard to see how the two sides are going to agree to anything sensible because they just have such fundamentally different history government should be doing. the democrats want the government to redistribute income and they want to take from people who have very high incomes and give to other people. the republicans -- they are at least trying to draw attention to the huge base of entitlement spending. pointing out that that is not sustainable have to do something about it. gerri: it is all concerned that the exports are down. we have china and trouble. europe is in trouble. the u.s. economy is sustaining the planet. >> two of the three major players, at least, the u.s. and europe are majorly concerned with expenditure and death. china doesn't have the same thing. but they are doing all kinds of crazy things in china as well. it is hard to see where any growth is going to come from and anybody will lead the world into a better economic situation. nobody is making the right decisi
it's related to the fiscal cliff. it's hard to see how the two sides are going to agree to anything sensible because they just have such fundamentally different history government should be doing. the democrats want the government to redistribute income and they want to take from people who have very high incomes and give to other people. the republicans -- they are at least trying to draw attention to the huge base of entitlement spending. pointing out that that is not sustainable have to do...
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Dec 3, 2012
12/12
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MSNBCW
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what you're talking about is where we solve this fiscal cliff by creating another fiscal cliff down the road is totally immature. it lacks political courage. we know what needs to be done, and let's get it done over the next three weeks. the options are not going to change. >> would you call on your party not to mount that sort of opposition to the president if he specifies how he's going to restructure medicare? >> i think that both -- look, i have laid out in great detail very painful cuts to medicare. i just did it in a 242-page bill that i have shared with the white house, shared with boehner, shared with mcconnell, in order to move us beyond this silly debate that's taking place. the fact is, claire knows this and i know this. there are serious reforms that have to take place in medicare for our country to become solvent. >> well, we have to be careful. and you're right about this, david. what is really irresponsible, that $716 billion, that was low-hanging fruit. that was fluff in the medicare system, savings that we had to recover. and by the way, it's the same savings that was i
what you're talking about is where we solve this fiscal cliff by creating another fiscal cliff down the road is totally immature. it lacks political courage. we know what needs to be done, and let's get it done over the next three weeks. the options are not going to change. >> would you call on your party not to mount that sort of opposition to the president if he specifies how he's going to restructure medicare? >> i think that both -- look, i have laid out in great detail very...
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Jul 28, 2012
07/12
by
CNN
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the fiscal cliff is crazy. on the other hand, it's not a free lunch just expanding, digging ditches. you need to have, you know, things that you're spending on that make sense. there's a lot of things congress could do but doesn't do. and that is simplifying the tax system would help a lot and making it fair at the same time. we could improve the inf infrastructure. we have this incredible bonanza from energy that might make us an oil exporter for a little while. we could bring manufacturing back. but everything sort of frozen at the moment because the government is so paralyzed. >> but everything is frozen. all of the measures that ken talk about, broad agreement needs to be done. with all due respect, they're not abstract. these are problems that must be dealt with and the reason they're not is because we're always dealing with emergency situations. we're always dealing with the next fiscal cliff, the next need for quantitative easing. we always put these things on the front burner. >> these are not all emerg
the fiscal cliff is crazy. on the other hand, it's not a free lunch just expanding, digging ditches. you need to have, you know, things that you're spending on that make sense. there's a lot of things congress could do but doesn't do. and that is simplifying the tax system would help a lot and making it fair at the same time. we could improve the inf infrastructure. we have this incredible bonanza from energy that might make us an oil exporter for a little while. we could bring manufacturing...